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20121222
20121230
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CNBC 7
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Search Results 0 to 6 of about 7
CNBC
Dec 26, 2012 7:00pm EST
under federal law to notify the legislative branch that, fact, they are going to come up against the deadline, precisely why it is -- >> uses the phrase default. we are not going -- the u.s. government isn't going pay its debts. we are going to be like greece. that was -- everybody -- both sides, by the way, republicans and democrats, both used the phrase default. you know perfectly well how it works in the government. you can make choices. >> i hate to break the news to you but -- i don't think anyone other than watching cnbc anyone actually cares and nobody believes the federal government will not pay social security or other debts. >> are you kidding me? i think they do. that's what they start with. right? start with the social security checks aren't going to go out. then -- what do people do, call their congressmen? the elderly get frightened. they think they won't have their weekly paychecks. >> this would not be the first time anyone from the executive branch tried to scare senior sit sense what do we do? we are going over the cliff. do you think we are going over cliff? >>
CNBC
Dec 28, 2012 2:00pm EST
. >> we've heard that before. sounds like a mini deal. welcome to my father-in-law jim lemarca and the cast of his book, "bonus time." it's sort of like "zero dark 30" kind of sort of. >> that will do it for "power lunch." >> "street signs" begins right now. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for american business? you will hear directly as we reconvene our exclusive small biz all-star panel. >>> plus, call it the retail hu "hunger games." three companies that may not survive. >>> predictions 2013. big calls for the new year, mandy. >>> bring it on. the s&p 500 is on track for a fifth straight decline. some of the hope does seem to be coming out of the market of late for a deal. of course, there could still be time. nonetheless, what we have seen is a drop of 1.3% so far this week. indead, the s&p's longest losing streak in three months. even the good news on home sales. not helping the three m
CNBC
Dec 28, 2012 12:00pm EST
them so aggressively. i think they've hired up david boyes law firm, did microsoft and the u.s. and bush vs. gore. this is the law firm from that. i think this is a big deal and they're going to go after him hard. >> you're telling me you'd buy the stock? >> i did a few days ago but unfortunately liquidated it two days ago when it was 28. i mean, this stock traded down into the 25, 24 range. >> it is not only that. the stock has come from 50 down to 30. people are taking gains on their shorts. >> stocks may be down for a fifth straight day but our next guest sees that as an opportunity to buy, alec young, global equity strategist. >> great to be here. >> we gave the shorter-term traders something to chew on. if you are a longer-term investor are you focused at all on the cliff and should you be? >> i am. because it is going to determine my entry point. frankly the worse it gets the better because it means i get to buy stock cheaper. the cliff is all about when do you get long? i think it is the risk reward is nicely set up for risk assets into 2013. it's just a question of do
CNBC
Dec 24, 2012 3:00pm EST
madoff, lawful wife of the greatest financial criminal in history. why haven't you filed for a divorce from this man? >> i don't know. it doesn't matter to me. he's gonna die in prison. i certainly don't want to find another man these days. >> he'll probably see this interview. are you concerned about-- >> i was thinking about that. no, i'm not concerned. he should hear it. >> believe her or not, the thousands of victims may have little sympathy for andrew and ruth, but it can't be denied that they, too, are victims of bernie madoff. that's mark and andrew? >> mm-hmm. [tearfully] in happier times. >> they lost a son and brother and will forever carry the shame of the madoff name. >> what he did to me, to my brother, and to my family is unforgivable. what he did to thousands of other people, destroyed their lives, i'll never understand it. and i'll never forgive him for it. and i'll never speak to him again. >> in june 2012, bernie madoff's younger brother peter pled guilty to charges of conspiracy and falsifying books and records of an investment advisor. as part of his plea bargain, p
CNBC
Dec 26, 2012 3:00pm EST
care law could cause insurance premiums to doublery 2013. ? >> there's some places where the premiums will go up by 100%. a 49-year-old in texas can buy a $5,000 deductible policy that's well below the 60% threshold so if i'm at a 45% threshold policy, the and it goes up to 60%, you have a 33% increase just to moving the benefits up. >> seems crazy, that the system is broken and could still double by 2014. >> if we're going to warn americans, somebody's got to pay for it. >> how do you think it's going to pay out, who is going to or what? >> i think it won't start right away like everyone hopes it will. there won't be an october 1st, 2013, are a bright new plan available for everybody, and it's not going to be cheaper, but i think it will be a start and it will be fits rand smart. if we want to insure more americans, and in the long run if we control our krosts we can control that over time, bring in back in line. the higher proem dums you talking about, does that measly mean higher percentage for you? >> no necessarily because the people coming in will cost more. >> do you think they
CNBC
Dec 27, 2012 12:00pm EST
-- >> i don't like it in january, judge, for what i just mentioned because we will see tax laws selling. we have not seen. we have seen gains selling, people taking gains. when they start taking these loss and when all the rest of this stuff kicks in, that's when i worry these guys will make an even worse deal in panic in january. >> let's go to our guests. what is the best way to protect your money with the cliff deadline a few days away, jason pride, director of glenn me. how are you doing? how do you perceive the markets with a couple days of trade iin left? >> i kind of agree with the consternation and concern of washington and everybody there. we look at the position of one of three possibility, back to upside normalized growth, complete downside recession. and the middle of the road scenario, we begrudge this and keep doing it sloppily every once in a while, as we have been recently but manage to make our way longer term. we think that scenario is more likely and the upside has to be discounted and downside scenario we have to recognize is not an immaterial risk. positioning portf
CNBC
Dec 28, 2012 1:00pm EST
facing a higher tax burden if we go over the cliff. the bush era tax law eliminated the marriage clause meaning that incomes of couples earning as little as $80,000 would be subject to taxation at the rate of the higher earning spouse. now as far as their wealth preservation strategies, a nationwide survey done by northern trust found high net worth persons, more than 5 million in assets, are much more proactive in anticipating the tax consequences of going over the cliff than those with a million dollars or less in assets. that same survey had 44% of high net worth individuals saying their top priority for the country is economic growth and reducing unemployment versus 19% who are reducing the federal budget deficit. >> all right, hampton. thank you very much. >>> the finance.yahoo.com poll puts you in the shoes of a member of congress. how would you handle the fiscal cliff? go vote finance.yahoo.com. the results are coming up. there you see your options. michelle. >>> tyler, one of cnbc's best known traders making a very bold call. get out of everything, everything, all cash. get the
Search Results 0 to 6 of about 7